Intertain Finalises Vera&john Acquisition (update)

Dumarca Holdings changes hands

The Intertain Group has completed the acquisition of the entire share capital of Dumarca Holdings PLC, the Malta-based parent company of Vera&John (see previous InfoPowa reports).

Intertain have made an initial cash payment of Euro 44.5 million and around 5 million common Intertain shares.

A further payment capped at Euro 8.1 million may be due based on Vera&John generating EBITDA that exceeds pre-defined thresholds in 2015 and 2016.

Dan Anderson, director of Dumarca Holdings PLC, said in a statement Tuesday: "We have formed a great team within Vera&John, and look forward to leveraging our abilities to drive revenue synergies across the group and increase the value of our material share ownership."

Online Casino News Courtesy of Infopowa

More news

here.